Comparative Income statement and Comparative balance sheet of Manfield, Inc. for the year ended December 31, 2024 and 2023  are given
  

Manfield, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 2024 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Income From Operations Interest Expense Income Before Income Tax Income Tax Expense Net Income $ 465,000 $ 427,000 237,000 217,000 $ 2023 228,000 210,000 139,000 137,000 89,000 14,000 75,000 19,000 56,000 $ 73,000 17,000 56,000 25,000 31,000